Bitcoin has been hitting out of the ballpark for quite some time. After analyzing the current trend, Mohit Sprout, a founder of Bitazu Capital, explained that the price could reach $20,000 in the next three months.  If we take a look at the market statistics, since June, Bitcoin’s price stayed between $10,200 and $11,800 for a long time. According to …

2020 is the year for cryptocurrency, and this is again proved during this year’s third quarter. More than 200 cryptocurrency and Blockchain companies (mainly startups) received nearly $900 million in venture funds (during the early-stage, and seed-stage). We got these statistics from the complication of The Block Research.  More than 50 deals were finalized during the early-stage round, while companies …

A week ago, Star Xu, the person who founded OKEx (a cryptocurrency exchange), faced police interrogation. This was after OKEx announced, that it will suspend any activities, including withdrawal of money (cryptocurrencies). According to a report from the Chinese news agency, Caixin, Mingxing Xu (Star Xu), did not resume his work after the interrogation.  OKEx authorities clarified that they have …

Japan is all set to modify laws and release a digital version of the country’s currency, Yen. According to Kozo Yamamoto, Japan must change its cryptocurrency-related laws to promote the adoption of digital currencies. Bank of Japan (BoJ) must create some rules to maintain the process of CBDC (Central Bank’s Digital Currency). Yamamoto mentioned making some changes to the law (including …

After being down for quite a while ($10,000-$10,500), Bitcoin‘s price rose back up to $11,000. This is a sharp increase (6.5%), and traders around the world are optimistic about it. They were taken by surprise too, as they expected an even more downward trend. In 2019, Bitcoin’s price remained steady at $10,500 and then suddenly plunged, which means this is …

KuCoin has always been in the hot waters, because of its lack of transparency with its cryptocurrency users. Due to the lack of a primary domain name, this exchange found itself in legal proceedings in the High Court of Singapore, way back in March 2020. A class-action suit was lodged, stating that the exchange is providing false or misleading statements. …

According to the Financial Conduct Authority of the UK, cryptocurrencies and their derivatives ( Bitcoin, Ethereum, XRP,etc.) are not fit for retail customers. So the authority banned their marketing, sales, or distribution of any kind. This ban will be effective from 6th January 2021. Why? Sheldon Mills, an interim Executive Director, of Strategy and Competition, stated these reasons are the …

CipherTrace is likely to regulate Binance Chain, the Blockchain created solely to host Binance Coins (BNB) and run the operations of Binance Dex (world’s largest cryptocurrency exchange in terms of volume). The US SEC (Securities and Exchange Commission) is working on giving the contract for the same for this purpose. Why? According to the SEC, CipherTrace is the only firm …

Governments and regulatory bodies all around the world are proposing regulations to control crypto-assets and Stablecoins. European Commission is not far behind. A draft was leaked last week, and it quickly went viral. What was in this draft? This 168-page document strongly suggests the need for airtight crypto-asset regulatory frameworks, especially for those that are not covered by EU financial …

Statistician Willy Woo made an interesting tweet stating that Bitcoin will soon decouple itself from the traditional market. He also stated that now Bitcoin’s adoption curve will be an S-curve, the same way a startup initiates its journey and grow exponentially. This means investors are likely to choose this option for investing. It should be noted the rate of Bitcoin …